BCD vs SPY
BCD vs SPY
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BCD delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BCD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $402M | $789.1B | |
| Dividend Yield | 15.69% | 1.01% | |
| Holdings | 47 | 505 | |
| YTD Return | +16.88% | +13.79% | |
| 1Y Return | +28.78% | +23.66% | |
| 3Y Return (annualized) | +11.30% | +21.40% | |
| 5Y Return (annualized) | +11.45% | +13.37% | |
| Volatility (annualized) | 12.9% | 15.3% | |
| Max Drawdown | -29.8% | -56.5% | |
| Fund Family | Aberdeen | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Mar 30, 2017 | Jan 22, 1993 |
BCD vs SPY Performance
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is a ETF from Aberdeen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BCD returned +28.78% while SPY returned +23.66%. Year to date, BCD is up 16.88% versus a gain of 13.79% for SPY.
Over three years, BCD compounded at +11.30% per year against +21.40% for SPY; over five years the annualized figures are +11.45% and +13.37% respectively. Across the full 9-year window we track, SPY has the edge at +8.85% annualized vs +8.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.9% for BCD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.8% for BCD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BCD charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, BCD currently yields 15.69% against 1.01% for SPY.
Holdings Overlap
BCD and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BCD or SPY?
BCD has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, BCD or SPY?
Over the past year BCD returned +28.78% vs +23.66% for SPY, so BCD leads on 1-year performance. Over the longest common window we track (9 years), BCD annualized +8.78% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BCD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.9% for BCD. Worst drawdown: BCD -29.8% vs SPY -56.5%.
Should I hold both BCD and SPY?
BCD and SPY have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BCD and SPY?
BCD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, BCD or SPY?
BCD yields 15.69% while SPY yields 1.01%, so BCD currently pays the higher dividend yield.
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